An aerial view of the central business district and Sydney Opera House on February 17, 2023.
David Gray | Getty Images News | Getty Images
Asia-Pacific markets are mixed as investors assess Australia’s third-quarter inflation figures, which will give clues to the Reserve Bank of Australia’s monetary policy decision when it meets on Nov. 3.
The country’s third quarter inflation rate came in at 5.4%, slightly higher than the 5.3% expected by economists polled by Reuters, but lower than the 6% seen in the second quarter.
In Australia, the S&P/ASX 200 fell 0.19% after the announcement, reversing gains from Tuesday.
Japan’s Nikkei 225 rose 0.77%, while the Topix climbed 0.79%. In contrast, South Korea’s Kospi opened just below the flatline, and the Kosdaq slipped 0.21%.
Futures for Hong Kong’s Hang Seng index stood at 17,480, pointing to a rebound after the HSI ended at its lowest level since Nov. 10.
Overnight in the U.S., all three major indexes rose as investors focused on a fresh slate of earnings reports, and traders monitored the latest moves in Treasury yields.
The Dow Jones Industrial Average snapped a four day losing streak, rising 0.62%. The S&P 500 added 0.73%, and the Nasdaq Composite climbed 0.93%.
— CNBC’s Brian Evans and Alex Harring contributed to this report.